Last night I got stopped out and I currently have no more lots on AUDNZD. I do no want to go short, I will be standing aside for now.
Before the Chinese manufacturing PMI from last week
I adjusted all the stops to 1.06850, where the original
stop for the 4th lot was. After the news release, price
1.08320 and I exited two lots at the first retest of it, manually.
I then moved the stop for the remaining two lots at 1.07275
and got stoped out last night. At the end, all of the positions were
profitable and the reason I gave them so much room was that I
was expecting o stronger move and didn't want to close prematurely.
I believe this is one of my best trades because I added to my original
position right were the retracements ended and closed my entire
position at a good level. My only mistake is that I didn't close half
of the position at the double bottom neckline, and there were two
chances to do so.
Before the Chinese manufacturing PMI from last week
I adjusted all the stops to 1.06850, where the original
stop for the 4th lot was. After the news release, price
1.08320 and I exited two lots at the first retest of it, manually.
I then moved the stop for the remaining two lots at 1.07275
and got stoped out last night. At the end, all of the positions were
profitable and the reason I gave them so much room was that I
was expecting o stronger move and didn't want to close prematurely.
I believe this is one of my best trades because I added to my original
position right were the retracements ended and closed my entire
position at a good level. My only mistake is that I didn't close half
of the position at the double bottom neckline, and there were two
chances to do so.
